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Colorado Contracts & Regulations
Unit Questions and Answers Latest
2026
It is possible for the public to get the address and
number of a licensee from the Real Estate Commission.
1. True
2. False Ans: 1
If you practice real estate without a license you will be
prosecuted by
1. the sheriff.
2. the attorney general.
3. a district attorney.
4. the Real Estate Commission. Ans: 3
An individual who charges a fee to sell options on real
estate must have
1. an option dealer's license.
2. a securities license.
3. a real estate broker's license.
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4. (2) and (3) are both true. Ans: 3
The real estate recovery fund is maintained by
1. the State Treasurer.
2. the Real Estate Commission.
3. the State Judiciary.
4. the State Legislature. Ans: 1
The recovery fund could be used for
1. payment of out-of-pocket losses and reasonable
attorney fees to the public in civil suits against licensees.
2. payment of out-of-pocket losses and reasonable
attorney fees to the public in criminal suits against
licensees.
3. negligence even if the licensee has errors and
omissions insurance coverage.
4. all of the above. Ans: 1
The number of hours of continuing education you must
complete to renew your license every three years is
1. 24
2. 16
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3. 8
4. 36 Ans: 1
An initial license issued to a broker will be
1. for the remainder of the current year, expiring on
December 31st
2. for a 3-year period commencing on the issuance date
3. for a 1-year period commencing on the issuance date
4. for 3 years expiring on December 31st Ans: 2
The Real Estate Commission requires an office policy
manual to cover all the following except
1. handling back-up contracts.
2. brokerage relationships.
3. commission splits.
4. fair housing/affirmative action marketing. Ans: 3
You must renew your license every
1. year.
2. every 2 years.
3. every 3 years.
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4. every 6 years. Ans: 3
Brokers are allowed to charge the buyers and/or sellers
for closing costs that do not include "document
preparation".
1. Always.
2. only if the sellers and buyers agree, either orally or in
writing, to be charged.
3. only if the sellers and buyers agree, in writing, to be
charged.
4. Never Ans: 3
The reasoning behind the creation of the "single licensing
law" was
1. to bring the law in line with actual practice.
2. to stop the practice of a new real estate broker working
independently, as their own company.
3. to stop the practice of real estate brokers overseeing
newly licensees.
4. (1) & (2) are both true. Ans: 4
Does Colorado law dictate the ethical standards for the
real estate industry?
1. Indirectly.
© 2025 All rights reserved
Colorado Contracts & Regulations
Unit Questions and Answers Latest
2026
It is possible for the public to get the address and
number of a licensee from the Real Estate Commission.
1. True
2. False Ans: 1
If you practice real estate without a license you will be
prosecuted by
1. the sheriff.
2. the attorney general.
3. a district attorney.
4. the Real Estate Commission. Ans: 3
An individual who charges a fee to sell options on real
estate must have
1. an option dealer's license.
2. a securities license.
3. a real estate broker's license.
© 2025 All rights reserved
, 2 | Page
4. (2) and (3) are both true. Ans: 3
The real estate recovery fund is maintained by
1. the State Treasurer.
2. the Real Estate Commission.
3. the State Judiciary.
4. the State Legislature. Ans: 1
The recovery fund could be used for
1. payment of out-of-pocket losses and reasonable
attorney fees to the public in civil suits against licensees.
2. payment of out-of-pocket losses and reasonable
attorney fees to the public in criminal suits against
licensees.
3. negligence even if the licensee has errors and
omissions insurance coverage.
4. all of the above. Ans: 1
The number of hours of continuing education you must
complete to renew your license every three years is
1. 24
2. 16
© 2025 All rights reserved
, 3 | Page
3. 8
4. 36 Ans: 1
An initial license issued to a broker will be
1. for the remainder of the current year, expiring on
December 31st
2. for a 3-year period commencing on the issuance date
3. for a 1-year period commencing on the issuance date
4. for 3 years expiring on December 31st Ans: 2
The Real Estate Commission requires an office policy
manual to cover all the following except
1. handling back-up contracts.
2. brokerage relationships.
3. commission splits.
4. fair housing/affirmative action marketing. Ans: 3
You must renew your license every
1. year.
2. every 2 years.
3. every 3 years.
© 2025 All rights reserved
, 4 | Page
4. every 6 years. Ans: 3
Brokers are allowed to charge the buyers and/or sellers
for closing costs that do not include "document
preparation".
1. Always.
2. only if the sellers and buyers agree, either orally or in
writing, to be charged.
3. only if the sellers and buyers agree, in writing, to be
charged.
4. Never Ans: 3
The reasoning behind the creation of the "single licensing
law" was
1. to bring the law in line with actual practice.
2. to stop the practice of a new real estate broker working
independently, as their own company.
3. to stop the practice of real estate brokers overseeing
newly licensees.
4. (1) & (2) are both true. Ans: 4
Does Colorado law dictate the ethical standards for the
real estate industry?
1. Indirectly.
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